Tax Services

When it comes to the world of taxes, preparation and planning go a LONG way. We have the expertise and knowledge you are looking for in a tax professional and can help you navigate your options.

We’re happy to help you with any of these services:

Tax Preparation

Stop missing out on potential deductions that could be saving you big money!

Tax Planning

Real strategies and solutions to help you minimize your IRS liability.

IRS AUDIT Representation

Don’t go it alone! We’re your ally and representative in an IRS audit.

Buying a homeowner’s Insurance Policy: The What and the Why for Chicago Homeowners

Click on the news right now and you’ll see: floods, storms, fires consuming whole states. And that’s not even taking into account the everyday crime from thieves or vandals that usually dominates the news. Seeing and hearing all of that, it’s easy to look around your...

EZ Tax and Accounting Service, Inc. on the New $600 Reporting Requirement for Digital Payment Apps

To be fair, the new $600 reporting requirement for digital payment apps isn't a Venmo thing ... it's an IRS thing.(Personally, I'm still amazed by how people share their transactions so publicly on these kinds of platforms. But that's a topic for another day.)And I...

How Chicago Retirees Can Stretch That Retirement Fund

You might not feel this as much in your bones as we do here, but the tax deadline is getting very close. This year, for reasons that at this point in our season would take way too long to explain, the tax deadline is April 18th (not 15th).We’re...

Being Financially Independent: Planning for the Future Starts Now

I'm going to stick with last week's theme on being financially independent because I got some nice feedback.Before I get there, a quick word about the IRS for our friends in Chicago...Per Kiplinger, as of June 25, the IRS had a backlog of 16.7 million 2019 and 2020...

CNC Status: A Program That Can Help Chicago Taxpayers in Debt to the IRS

Owing money to the IRS isn’t so bad. Say what now? Yep, that’s right. It’s not such a terrible thing. Well ... as long as you’re broke, that is. Because if you have significant income or assets, the IRS is going to do everything they can to squeeze every last dime out...

Abdalla Alyousef’s Pro Tips to Negotiate with the IRS

With the tax deadline firmly in the rearview, most Chicago people are enjoying pool time and picnics, free of the tax worries of springtime. (Though perhaps not free of all the inflation and stock market pressures we’re all currently facing. Hang in there.)But that’s...

Instilling Financial Literacy For Kids In Chicago

Memorial Day weekend can often feel a little disjointed. There we are with our burgers, our pools, our picnics -- all while we are supposedly remembering the sacrifice of so many thousands who laid down their lives in the line of duty for this country, and for the...

Abdalla Alyousef’s Introductory Thoughts About The Proposed Infrastructure Bill

Over the weekend, we were "treated" to heartbreaking images.No matter how any Chicago person feels about our involvement as a nation in Afghanistan, the human toll of that involvement -- and now our seemingly hurried departure -- can affect the hardest of hearts, if...

How to Reduce Taxes in Retirement: Abdalla Alyousef’s Pro Advice

Before I get into today’s discussion on how to reduce taxes in retirement, let’s talk about the combined excitement of the Super Bowl, the Olympics, and Valentine’s Day that has swept Chicago homes and businesses the past week. A surge of football parties, hours...

How COV-19 Affected Annual RMD for Chicago Retirees

With a third round of "stimmy" (as the kids say) hitting bank accounts for the past week, 90MM+ Americans (including some of us in Chicago) are once again flush with cash. It remains to be seen what this will do for the economy, but combined with what seems to be a...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.
But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!

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